What is mining Charter scorecard?
What is mining Charter scorecard?
The scorecard is designed to facilitate the application of the Charter in terms of the Mineral and Petroleum Resources Development Act requirements for the conversion of all the “old order rights” into new rights within a five-year conversion window period, but recognising the full 10-year period.
What is mining Charter 3?
The Department of Mineral Resources developed Mining Charter III with great ambitions: To ensure transformation in an industry which has demonstrable historical inequalities and difficulties; to protect and empower Historically Disadvantaged South Africans (HDSAs); and thereby to attract outsider investment to provide …
What is a mining Charter?
The Mining Charter III covers seven main elements, namely; ownership, mine community development, procurement, beneficiation, house and living conditions, human resource development and employment equity.
What is the role of Department of Mineral Resources and the Chamber of Mines?
The Department’s strategic goals are to: increase investment in the minerals and mining sector by promoting and facilitating an increase in mining activity and value addition to mineral resources extracted in the country; improve the health and safety conditions in the mining sector by providing a framework for …
What does DMR stand for in mining?
Department of Mineral Resources. To promote and regulate the minerals and mining for transformation, growth, development and ensure that all South Africans derive sustainable benefit from the country’s mineral wealth. View More > SITEMAP.
What is a Section 11 in mining?
Section 11(1) as been amended to read as follows: “A prospecting right or a part of a prospecting right, mining right or a part of a mining right or an interest in any such right in an unlisted company or any controlling interest in a listed company (which companies hold a prospecting right or mining right or an …
What is a prospecting right?
A prospecting right is a permit which allows you or your company to survey or investigate an area of land for the purpose of identifying an actual or probable mineral deposit.
Where is gold mostly found in South Africa?
the Witwatersrand Basin
Where is gold found in South Africa? The majority of the country’s gold resources are located in the Witwatersrand Basin, one of the world’s largest gold placer deposits. This underground geological formation surfacing in the Witwatersrand is a 56 kilometre-long north-facing escarpment running from east to west.
What has the Department done to improve the mining charter?
The Department of Mineral Resources reviewed the new elements inserted into the amended Charter, sustainable development, the revised scorecard, the reporting templates, and the Department’s views on how to ensure compliance. In 2008 the Department had appointed an independent service provider to assess progress on the Mining Charter.
Does the 2018 mining charter align with the DTI B-BBEE scorecard?
Although there is considerably more alignment between the 2018 Mining Charter and the dti B-BBEE scorecard (see below), it would be beneficial if charter compliance gave rights holders a corresponding dti B-BBEE recognition level. Double reporting, as discussed later, leads to additional costs in reporting, monitoring and compliance.
Who is the Minister of mineral resources?
I, Samson Gwede Mantashe, Minister of Mineral Resources, hereby in terms of section 100 (2) of the Mineral and Petroleum Resources Development 2002 Act, (Act 28 No. of 2002), publish the Broad -Based
What does the DMRE’s mining right approval mean for Orion minerals?
The Department of Mineral Resources and Energy (DMRE) has approved a mining right for Orion Minerals, paving the way for the development of a R4 billion copper-zinc project in the Northern Cape.
